Tuesday, 29 August, 2023
10 am EDT

The power of personas - Intelligence led human trafficking detection

In partnership with

Why attend

Globally, banks are overwhelmingly failing to detect and disrupt criminal financing, human trafficking and fraud.

According to the European Union’s law enforcement agency, Europol, only 0.5% of transactions reviewed by bank compliance officers lead to a criminal investigation.

Protection against financial crime doesn't come cheap for banks, especially as the tactics employed by criminals become more sophisticated. In 2022 institutions spent an estimated $274 billion on financial crime compliance, yet fines are surging as financial institutions fail to keep up with the ever-evolving challenge.

RedCompass Labs’ Financial Intelligence Unit ran an investigative pilot with Standard Chartered to show that even without complex machine learning, banks can transform their risk detection capabilities with intelligence-led behavioural models.

Join this webinar to find out how by moving away from rules-based transaction monitoring and focusing on a behavioural model to describe different personas, banks can adopt techniques that are vastly more effective in detecting financial crime risk.

The key take-aways

Current methods to detect and prevent criminal financing, human trafficking and fraud are failing

Moving away from a rules-based transaction monitoring model to a behavioral one is key to being more effective

Benefits of intelligence-led risk detection include reducing false positives, detecting new risks, defining risks more clearly and having greater real-world impact.

And many more

The webinar panel

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Nick Lewis, Managing Director, High Risk Client Unit, Conduct, Financial Crime & Compliance | STANDARD CHARTERED BANK

Nick worked in UK law enforcement for over 30 years and led a number of significant operations with partner agencies around the world into organised crime threats against the UK. He has vast experience in leading complex multi-national investigations and working with public and private bodies to develop effective strategies to reduce and tackle the harm caused by organised crime activity. In 2008, Nick was posted to the British Embassy, Washington DC. As well as leading the UK's strategic engagement on organised crime with the US government, Nick led the UK contribution to the development of partnerships and task forces across the US and the Caribbean. In March 2013, Nick was awarded the National Intelligence Medallion by the US Government. This is the highest award available to a non-US citizen. In 2014 Nick was awarded an OBE for "services to international law and order" by Her Majesty the Queen. Nick joined Standard Chartered in 2016 as the Global Head of Integrated Intelligence and Investigations. He is also an adviser to the RUSI "Future of Financial Information Sharing" Programme, and a board member of the "Global Initiative Against Transnational Organised Crime."

Silvija Krupena, CFSC, CAMS , Head of Financial Crime | REDCOMPASS LABS

Silvija is a RedCompass Labs' Financial Crime expert with over 18 years' international working experience in the financial services industry. Her extensive background across project, product, and change management, business and data analysis as well as subject matter expertise across various knowledge domains, give Silvija great insight when assessing, implementing, or changing complex banking systems. She has a certifiable track record in fields such as Payment Schemes and Regulations, Payment Cards Industry and Standards and Open Banking implementation. Over the past 2 years Silvija has extended her expertise in Financial Crime Regulations, Compliance Frameworks and Transaction Monitoring Solutions and developed the RedFlag Accelerator Typologies – the largest single source of Human Trafficking and Child Sexual Exploitation red flags for financial services globally.

Jonathan Bell, President & Head of Client Relationships | REDCOMPASS LABS

Jonathan is President & Head of Client Relationships at RedCompass Labs.  He has played an integral role in the development of innovative technologies by combining his technical knowledge of data analytical platforms from his time working with Government Intelligence with his financial services experience in payments and combatting financial crime. Jonathan is one of the key drivers behind the award-winning RedCompass Labs RedFlag Accelerator, a model of enriched and enhanced financial flags that enable banks to accelerate the discovery of suspicious activity in their data.

Download the Webinar

This webinar is in partnership with

At RedCompass Labs we believe that there are only two types of payments – good and bad. We enable good ones; We help stop the bad.

We exist to help open the doors of finance to all, and to protect those who enter.

We are experts in Instant payments, faster payments, frictionless payments. Whether domestic or cross border, we have been working with IS0 20022 for 15 years, and as payments move faster, we have been on the leading edge of implementing these schemes all around the world.

RedCompass Labs is a source for the world-class payments experts, as well as microservice-based toolkits that accelerate payment platform builds, updates, and scheme adherence. Our technology reduces the need for complex payment platform customizations, increases platform functionality, and decreases project risk.

As payments accelerate, their use for causing harm multiplies. The RedCompass Labs RedFlag Accelerator is the gold standard of red flags for providers of payment services. We use these flags and a persona-oriented approach to provide investigation tools and algorithms that identify human crimes such as labor and sex trafficking, child sexual exploitation, elderly abuse, and fraud, occurring in payment providers’ data. We provide AML (Anti Money Laundering), Sanction and Fraud system integration, upgrades and tuning, using data analytics tools we have developed.

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